Canadian and Mexican leaders commit to closer trade ties amid US trade conflicts.
Canadian Prime Minister Mark Carney visited Mexico where he met with Mexican President Claudia Sheinbaum to discuss collaboration in economic and security matters.
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Both leaders expressed their commitment to their three-way trade partnership with the United States during a joint news conference.
Sheinbaum emphasized the need for cooperation and mutual respect, stating that Mexico and Canada will continue to collaborate on the path to overcome any challenges.
Carney highlighted North America’s economic success, attributed in part to the trade cooperation between Canada and Mexico, expressing confidence that necessary adjustments can be made to enhance the region’s competitiveness.
Despite efforts by both Sheinbaum and Carney to negotiate side trade agreements with US President Donald Trump, they maintained that their nations are not in competition with each other.
Public consultations regarding the future of the USMCA began, preceding a review to be conducted by each country next year.
Canada has faced difficulties in renegotiating its agreements with Washington amid rising trade and political tensions linked to Trump’s comments and policies.
In response to a recent executive order from Trump regarding military action against Mexican drug cartels, Sheinbaum firmly stated that there will be no US military invasion of Mexico.
Both Mexico and Canada have been affected by Trump’s trade war, with imposition of tariffs on Canadian steel and certain Mexican goods.
Mexican-Canadian trade amounted to $40.5 billion in 2024, whereas trade with the US was valued much higher, highlighting the significance of their partnership.
Carney’s visit marks the first bilateral visit from a Canadian Prime Minister to Mexico in eight years, signaling an opportunity to strengthen ties that, while excellent, could be closer.
